Saraswat Bank Home Loan Interest Rate — 16th September 2026
Co-operative bank
Saraswat Bank’s home loan interest rate runs from 7.35% to 9.10%, according to its own rate page, read on 16 September 2026. Here is the full card, a plain-English reading of it, and the EMI those rates produce on the loan sizes people actually borrow.
Starting rate
7.35%
Top of published range
9.10%
Benchmark
PLR 15.60%
Effective from
20 June 2025
Read from Saraswat Bank’s own website on 16 September 2026. Source and method
Saraswat Bank home loan interest rate card
Saraswat Home Plus
Read this first
- Saraswat’s card is dated 20 June 2025, which predates the December 2025 repo rate change.
| Scheme | Rate | Condition |
|---|---|---|
| Saraswat Home Plus | 7.35% – 9.10% | Varies with CIBIL score |
| Women borrowers (priority-sector eligible) | Further 0.05% off | Concession |
Effective 20 June 2025. Saraswat publishes the range but not which score earns which rate.
What Saraswat Bank’s interest rate card tells you
Saraswat Bank, a scheduled co-operative bank, publishes its Saraswat Home Plus range as 7.35% to 9.10%, varying with your CIBIL score, but doesn’t show which score earns which rate. The card has been in force since 20 June 2025, which is before the RBI’s repo cut in December 2025, so it’s fair to ask whether a revision is due. Women borrowers whose loans qualify as priority-sector lending get a further 0.05% off.
Ranked by published starting rate, Saraswat Bank comes joint 14th of 48 — joint 2nd within the 19 private banks we track. Saraswat Bank doesn’t price off the RBI repo rate directly: its rates move with its own PLR, so a repo cut reaches its borrowers only if Saraswat Bank chooses to pass it on. For scale, its starting rate is 2.10 points above the repo rate of 5.25%. Between the bottom and top of Saraswat Bank’s published range, the EMI on ₹40 lakh over 20 years moves by ₹4,389 a month — which is why the band you land in matters more than the headline.
EMI at Saraswat Bank’s home loan interest rate
Monthly EMI at Saraswat Bank’s starting rate of 7.35%. These are the best case — if you’re quoted above the floor, your EMI will be higher.
| Loan amount | 10 years | 15 years | 20 years | 20 yrs at 9.10% |
|---|---|---|---|---|
| ₹35 lakh | ₹41,272 | ₹32,148 | ₹27,876 | ₹31,716 |
| ₹50 lakh | ₹58,960 | ₹45,925 | ₹39,822 | ₹45,308 |
| ₹70 lakh | ₹82,544 | ₹64,296 | ₹55,751 | ₹63,432 |
| ₹1 crore | ₹1,17,920 | ₹91,851 | ₹79,645 | ₹90,617 |
Reducing-balance EMI, before processing fees and insurance. Run your own numbers →
Saraswat Bank against lenders priced nearby
The four lenders whose published starting rates sit closest to Saraswat Bank’s, with the EMI each floor produces on ₹40 lakh over 20 years.
| Lender | Published rate | EMI, ₹40 lakh / 20 yrs | vs Saraswat Bank |
|---|---|---|---|
| Bajaj Housing Finance Housing finance company | 7.25% – 10.65% | ₹31,615 | −₹243/mo |
| Saraswat Bank Co-operative bank | 7.35% – 9.10% | ₹31,858 | — |
| Federal Bank Private sector bank | 7.35% – 9.50% | ₹31,858 | same |
| Punjab & Sind Bank Public sector bank | 7.35% – 10.75% | ₹31,858 | same |
| IDBI Bank Private sector bank | 7.40% – 11.50% | ₹31,980 | +₹122/mo |
What moves your rate at Saraswat Bank
- If a woman is the borrower and the loan qualifies as priority-sector lending, ask Saraswat to show its 0.05% concession on the quote — it is easy to miss.
- Apply at one or two lenders at a time rather than five. Each formal application adds a hard enquiry to your report, and a cluster of them can pull a score down just when you need it.
- If you already bank with the lender, say so. An account the lender can see removes much of the income checking and gives you something to negotiate from.
Processing fee and other Saraswat Bank charges
| Processing fee | Salaried borrowers, plus taxes: ₹2,500 up to ₹35 lakh; ₹5,000 up to ₹2 crore; ₹7,500 up to ₹3 crore. Self-employed: 0.20% or ₹7,500, whichever is higher — or a flat ₹7,500 if you take insurance. On a ₹40 lakh loan for a salaried borrower, that comes to ₹5,000, before GST. |
|---|---|
| Prepayment and foreclosure | None on floating-rate loans to individuals, and Saraswat Home Plus is a floating-rate loan. |
| Shareholding (Saraswat is a co-operative bank) | ₹1,000 for loans up to ₹1 crore; ₹25,000 above |
| Switching between fixed and floating | 0.50% of the outstanding, at most twice a year |
No separate CIBIL, field-investigation or CERSAI charges.
Source: Saraswat Bank’s own schedule of charges, read on 16 September 2026: https://www.saraswat.bank.in/content.aspx?id=Saraswat-Home-Plus
Saraswat Bank home loan eligibility
| Who can apply | Salaried employees with two years’ confirmed service, business owners, professionals and other self-employed people with a regular income. |
|---|---|
| Longest term | 20 years |
| Loan amount | ₹300 lakh per borrower |
| Women borrowers | 0.05% lower rate for women whose loans qualify as priority-sector lending |
Source: Saraswat Bank’s home loan page, read on 16 September 2026. Meeting these criteria doesn’t guarantee approval. https://www.saraswat.bank.in/content.aspx?id=Saraswat-Home-Plus
Saraswat Bank home loan interest rate — common questions
What is Saraswat Bank’s home loan interest rate today?
What is Saraswat Bank’s home loan processing fee?
What is the maximum tenure of a Saraswat Bank home loan?
Does Saraswat Bank charge more for a lower CIBIL score?
What is the EMI on a ₹40 lakh home loan from Saraswat Bank?
Is Saraswat Bank’s home loan interest rate fixed or floating?
How does Saraswat Bank compare with Federal Bank?
Where these figures come from
Source: Saraswat Bank’s own interest rate page, read by BankCreds on 16 September 2026: https://www.saraswat.bank.in/content.aspx?id=Interest-Rates
Saraswat Bank states the rate took effect on 20 June 2025.
We began recording Saraswat Bank’s home loan rates on 16 September 2026, and any change will be logged against that date as we detect it. Fees and eligibility come from Saraswat Bank’s own schedule of charges and home loan pages, with the full address printed in those sections — never from third-party sites.
Rates are what Saraswat Bank publishes, not an offer: the rate you’re quoted is set by Saraswat Bank after it assesses your application. How we collect and check rates →